Mei Ri Jing Ji Xin Wen·2025-08-14 00:25Core Viewpoint - The capital expenditure guidance for the three major telecom operators in 2025 is expected to decrease by 9.1% year-on-year to 289.8 billion yuan, indicating a continued contraction in overall investment spending with a focus shifting towards computing power [1] Group 1: Investment Trends - The overall investment expenditure of the three major telecom operators is continuing to shrink [1] - The focus of investment is increasingly directed towards computing power [1] Group 2: Industry Growth Metrics - In the first half of 2025, the cumulative mobile internet traffic reached 186.7 billion GB, representing a year-on-year growth of 16.4%, with the growth rate increasing month by month since the beginning of 2025 [1] Group 3: Future Developments - There is an acceleration in the large-scale deployment of 5G-A and a faster advancement in 6G technology research and development [1] - AI-driven demand for new types of optical fibers in data centers is increasing, with multi-mode optical fibers being adopted more rapidly [1] - The deployment of fiber access is entering a mature phase, with steady progress in the construction of gigabit optical networks and a transition towards "ten-gigabit" upgrades [1]